Credifi Links Real-World Credit to On-Chain Borrowing Power

Credifi is an innovative platform that connects users' real-world creditworthiness to on-chain borrowing power. This means qualified users can access credit without locking up cryptocurrency as collateral.

The platform's lending product, currently live and active, relies primarily on a user's verified credit history through a US bank account and credit report. A soft credit check is used initially, but passing that threshold leads to further bureau report and bank-data review.

Credifi combines real-world underwriting with DeFi liquidity, using zkTLS and Trusted Execution Environments to verify sensitive financial information without exposing the underlying data. Approved borrowers receive an ERC-1155 Credit Certificate tied to a cryptographically signed on-chain record.